15,879 Shares in Duke Energy Corporation $DUK Purchased by Keeler Thomas Management LLC

Keeler Thomas Management LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,879 shares of the utilities provider’s stock, valued at approximately $1,874,000.

A number of other institutional investors have also recently bought and sold shares of DUK. Activest Wealth Management boosted its holdings in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares during the period. Wayfinding Financial LLC bought a new stake in Duke Energy in the 1st quarter valued at about $27,000. N.E.W. Advisory Services LLC bought a new stake in Duke Energy in the 1st quarter valued at about $27,000. Mascoma Wealth Management LLC raised its position in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC raised its position in shares of Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK stock opened at $127.41 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The company has a 50 day simple moving average of $123.71 and a 200 day simple moving average of $120.44. The stock has a market cap of $99.07 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 3.13 and a beta of 0.44.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company posted $1.18 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Duke Energy has set its FY 2025 guidance at 6.170-6.420 EPS. Research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is 69.27%.

Insider Activity at Duke Energy

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DUK shares. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a research report on Tuesday, July 1st. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday. Barclays boosted their target price on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley boosted their target price on shares of Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.36.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.